Equities analysts expect that Ambarella Inc (NASDAQ:AMBA) will report earnings of ($0.06) per share for the current quarter, according to Zacks. Five analysts have made estimates for Ambarella’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.03). Ambarella posted earnings of $0.13 per share during the same quarter last year, which would suggest a negative year over year growth rate of 146.2%. The business is scheduled to report its next earnings results on Tuesday, June 4th.
On average, analysts expect that Ambarella will report full year earnings of $0.06 per share for the current year, with EPS estimates ranging from ($0.09) to $0.42. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.62 per share, with EPS estimates ranging from $0.12 to $1.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Ambarella.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.10. Ambarella had a negative net margin of 13.37% and a negative return on equity of 8.37%.
A number of equities research analysts recently issued reports on the stock. Roth Capital increased their target price on shares of Ambarella to $40.00 and gave the stock a “neutral” rating in a research report on Friday, November 30th. BidaskClub raised shares of Ambarella from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Zacks Investment Research lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. ValuEngine lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a research note on Friday, November 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $45.67.
In other Ambarella news, VP Christopher Day sold 1,126 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $38.00, for a total transaction of $42,788.00. Following the sale, the vice president now directly owns 18,395 shares in the company, valued at approximately $699,010. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Feng-Ming Wang sold 7,627 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $38.00, for a total transaction of $289,826.00. Following the sale, the chief executive officer now owns 406,631 shares in the company, valued at $15,451,978. The disclosure for this sale can be found here. Insiders have sold a total of 21,063 shares of company stock worth $826,854 in the last three months. 5.84% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in AMBA. Bank of New York Mellon Corp raised its holdings in Ambarella by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 125,009 shares of the semiconductor company’s stock worth $4,827,000 after buying an additional 3,155 shares during the period. First Trust Advisors LP raised its holdings in shares of Ambarella by 129.9% in the third quarter. First Trust Advisors LP now owns 16,795 shares of the semiconductor company’s stock valued at $650,000 after purchasing an additional 9,490 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Ambarella by 44.2% in the third quarter. Russell Investments Group Ltd. now owns 34,259 shares of the semiconductor company’s stock valued at $1,325,000 after purchasing an additional 10,500 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Ambarella in the third quarter valued at approximately $328,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Ambarella by 4,210.3% in the third quarter. JPMorgan Chase & Co. now owns 324,481 shares of the semiconductor company’s stock valued at $12,550,000 after purchasing an additional 316,953 shares during the last quarter. Hedge funds and other institutional investors own 74.22% of the company’s stock.
Ambarella stock traded up $0.28 during mid-day trading on Friday, reaching $43.75. The company had a trading volume of 540,916 shares, compared to its average volume of 555,238. Ambarella has a 52 week low of $30.00 and a 52 week high of $55.50. The company has a market cap of $1.41 billion, a PE ratio of -38.72 and a beta of 1.04.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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